Fri, Jun 14, 8:26 PM (85 days ago)
IEH Corporation's Form 10-K for the fiscal year ended March 31, 2024, highlights several key financial metrics and strategic insights. The company reported revenue of $21.5 million, up 12.5% from the previous year, driven primarily by increased defense sector orders. However, the company incurred a net loss of $2.9 million, a significant improvement from the previous year's loss of $6.5 million. Operating expenses totaled $25.3 million, with cost of products sold at $18.3 million, and selling, general, and administrative expenses at $6.2 million. The company’s backlog of orders increased to $18.3 million from $13.7 million, indicating strong future demand. IEH's cash balance stood at $6.1 million, with working capital of $18.3 million. Despite this, the company faces challenges such as inflationary pressures and supply chain disruptions. IEH's strategic focus includes expanding its product offerings and maintaining high-quality standards in its Hyperboloid connectors. The company is also navigating risks related to geopolitical tensions and potential regulatory changes. Overall, IEH's financial condition remains stable with a positive outlook for future growth.